
Foyer
We canât wait to buy our Michigan dream home.
Date | Investors | Amount | Round |
---|---|---|---|
investor investor | €0.0 | round | |
* | $6.2m | Seed | |
Total Funding | 000k |
USD | 2023 |
---|---|
Revenues | 0000 |
EBITDA | 0000 |
Profit | 0000 |
EV | 0000 |
EV / revenue | 00.0x |
EV / EBITDA | 00.0x |
R&D budget | 0000 |
Source: Dealroom estimates
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Foyer is a financial services company dedicated to helping individuals and families achieve homeownership through strategic savings plans and expert guidance. Operating primarily in the United States, Foyer targets first-time homebuyers and those looking to maximize their savings for a down payment. The company offers a unique savings plan known as the '401k for homeownership,' which allows clients to save money in a tax-advantaged account. Earnings on these funds, including interest and capital gains, are exempt from state taxes in perpetuity in certain states like Colorado.
Foyer's business model revolves around providing customized savings plans based on clients' goals, locations, and timelines. The company generates revenue through a combination of service fees and partnerships with real estate agents and mortgage companies. Additionally, Foyer offers a matching program where every dollar contributed by the client is matched with rewards that can be used towards the down payment. Employers can also participate by matching employee contributions with a forgivable loan product at the time of purchase.
Foyer's network of vetted real estate agents and mortgage companies ensures a seamless homebuying experience for its clients. The company also helps clients qualify for various tax benefits and grants, further accelerating their journey towards homeownership.
Keywords: homeownership, savings plan, tax benefits, down payment, first-time homebuyers, real estate agents, mortgage companies, financial services, customized plans, employer matching.